Operations and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property Plant and Equipment Useful Life

Property, plant and equipment are stated at cost and depreciated using the straight-line method over the following estimated useful lives:

Building and improvements	12 to 40 years
Leasehold improvements	Shorter of life of asset or life of lease
Machinery and equipment	2 to 15 years

Schedule of Calculation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share at December 31, 2023, 2022 and 2021, respectively: 

	2023		2022		2021
Net income (loss)	$	64,459	$	(80,582)	$	62,542
Basic-weighted average shares outstanding	30,668		30,040		29,162
Stock Compensation	727		—		1,275
Warrants	11		—		506
Convertible notes	142		—		1,273
Diluted-weighted average shares outstanding	31,548		30,040		32,216
Net income (loss) (per share)
Basic	$	2.10	$	(2.68)	$	2.14
Diluted	2.04		(2.68)		1.94

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consists of the following:

	Cash Flow Hedging Gain (Loss)		Pension Liability		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss
Balance, December 31, 2020	$	(5,945)	$	(36,620)	$	(21,116)	$	(63,681)
Other comprehensive income (loss) before reclassifications, net of tax	6,560		4,426		(7,072)		3,914
Amounts reclassified from accumulated other comprehensive income (loss) before tax(a)	4,010		3,327		—		7,337
Income tax	(969)		(804)		—		(1,773)
Net current-period other comprehensive income (loss)	9,601		6,949		(7,072)		9,478
Balance, December 31, 2021	$	3,656	$	(29,671)	$	(28,188)	$	(54,203)
Other comprehensive income (loss) before reclassifications, net of tax	10,981		3,961		(8,418)		6,524
Amounts reclassified from accumulated other comprehensive income (loss) before tax(a)	(16,024)		2,589		—		(13,435)
Income tax	3,884		(628)		—		3,256
Net current-period other comprehensive income (loss)	(1,159)		5,922		(8,418)		(3,655)
Balance, December 31, 2022	$	2,497	$	(23,749)	$	(36,606)	$	(57,858)
Other comprehensive income (loss) before reclassifications, net of tax	4,158		3,370		5,085		12,613
Amounts reclassified from accumulated other comprehensive income (loss) before tax(a)	(8,630)		2,129		—		(6,501)
Income tax	2,092		(516)		—		1,576
Net current-period other comprehensive income (loss)	(2,380)		4,983		5,085		7,688
Balance, December 31, 2023	$	117	$	(18,766)	$	(31,521)	$	(50,170)

(a) The cash flow hedging gain (loss) and pension liability accumulated other comprehensive income (loss) components are included in sales or cost of sales and as a component of net periodic pension cost, respectively. Refer to Note 16 and Note 13, respectively, for further details.